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You are here: Home / News / South Africa heading towards a serious disaster | SA News

South Africa heading towards a serious disaster | SA News

29 September 2025 by Guest

Staff Writer
 ·28 Sep 2025

Renowned economist Dawie Roodt said South Africa is heading for a serious financial crisis due to the country’s unsustainable debt levels.

Roodt shared his views on the South African economy and the country’s trajectory at the recent Biznews Conference in Hermanus.

He told delegates that South Africa’s national government debt-to-GDP (gross domestic product) ratio is around 77%.

However, this only tells part of the story. The state is also responsible for a significant portion of the debt of state-owned enterprises and local…

New Year’s Day: New Year’s Day is celebrated with various outdoor festivities,
including music festivals and fireworks.

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Category: NewsTag: Alerts, Google, News

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Reader Interactions

Comments

  1. True Sweetness

    11 September 2026 at 9:11 pm

    Nigeria: You have two cows. You convince an old American woman to invest in them, but pocket the money and run.

  2. Weldmaster

    7 September 2026 at 8:10 am

    A professor in South Africa is teaching her students how to form Emglish sentences.

    “Attention class I have two words: Cheetah, and dandelion. Can anybody use these together in a sentence?”

    One student raises their hand,

    “The cheetah is faster dandelion.”

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